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This Week in SaaS June 2 - 8, 2026

The top M&A deals, venture deals, news, and blog posts of the week

By
Ryan Allis
June 8, 2026

📚 New Blog Posts

  1. The 2026 SaaS Benchmarks Report
  2. CEO Mastermind Recaps for the Week of June 1 - 4, 2026

💸 Big SaaS VC Rounds

  1. Ramp (AI-powered corporate spend management; SaaS) – raised a $750M Series F on June 4, 2026; led by Iconiq, GIC, and Ontario Teachers' Pension Plan at a $44B valuation; funds will support continued platform expansion and international growth for its enterprise spend management and financial controls suite.
  2. Supabase (open-source developer backend platform for AI app builders; SaaS) – raised a $500M Series F on June 4, 2026; led by GIC at a $10.5B valuation; funds will scale its open-source infrastructure used by developers building applications on top of AI models, cementing its position as the backend-of-choice for the next generation of software.
  3. AlphaSense (AI-powered market intelligence and workflow orchestration; SaaS) – raised $350M in new funding on June 3, 2026; led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management at a $7.5B valuation (nearly double its prior $4B); company surpassed $600M ARR in Q1 2026; funds will deepen enterprise sales and power a new strategic channel partnership with Accenture to embed AlphaSense into agentic enterprise workflows.
  4. Coralogix (cloud observability and AI-operations monitoring; SaaS) – raised a $200M Series F on June 3, 2026; co-led by Advent, CPP Investments, and Greenfield at a $1.6B post-money valuation; the company grew revenue 60%+ over the past year and now serves 5,000+ customers including 30 spending $1M+/year; funds will expand its observability and incident-management platform to become the control layer for autonomous AI systems.
  5. Forage (government benefits payments infrastructure; fintech SaaS) – raised a $40M Series B on June 3, 2026; led by Mouro Capital with participation from PayPal Ventures and Intuit Ventures at a $225M valuation; funds will scale its payments rails for SNAP, WIC, and EBT programs already live at 100,000+ stores in all 50 states, and expand its consumer app for balance management and grocery savings.
  6. Lassie (vertical AI automation for SMB healthcare practices; SaaS) – raised a $35M Series A on June 3, 2026; led by Andreessen Horowitz bringing total raised to $47M; funds will expand its autonomous AI platform that handles insurance portal navigation, payment reconciliation, and back-office workflows for 700+ healthcare practices across 49 states, delivering 250,000+ hours of labor annually.
  7. Scotch (AI-native operating system for liquor retailers; SaaS) – raised a $20M Series A on June 4, 2026; led by VMG Partners with participation from First Round Capital and Lerer Hippeau; the Denver-based company posted 500%+ YoY growth and surpassed $1B in processed payment volume; funds will accelerate product development and nationwide expansion of its all-in-one POS, payments, and back-office platform for liquor stores.
  8. Terra AI (AI-powered subsurface exploration and industrial analytics; SaaS) – raised a $20M Series A on June 3, 2026; led by Khosla Ventures with a strategic investment from BHP Ventures; funds will expand its geological modeling and drill-targeting platform—used across copper, gold, rare earth, and carbon storage projects—to compress exploration cycles that currently average 17 years from discovery to production.
  9. Uncover (marketing mix modeling and measurement analytics; SaaS) – raised a $16M Series A on June 3, 2026; led by Cloud9 Capital; the São Paulo-based, already-profitable company has optimized $6B+ in media spend for brands including Unilever, Burger King, and Bradesco; funds will drive expansion into the U.S. market as privacy changes accelerate demand for always-on marketing measurement infrastructure.
  10. Arpio (automated cloud disaster recovery for AI-native environments; SaaS) – raised a $15M Series A on June 3, 2026; co-led by S3 Ventures and Paladin Capital Group with participation from Draper Associates; funds will extend its AWS/Azure disaster recovery automation platform to Google Cloud and AI-native services, addressing the growing need for resilience tooling as more business logic migrates to AI-driven cloud systems.

🤝 SaaS M&A Deals

  • Nvidia completed the acquisition of Kumo AI (~$400M+; predictive AI / enterprise analytics software; SaaS; U.S.) – announced June 3, 2026; this acquisition integrates Kumo AI's graph neural network-based enterprise predictive modeling platform—with native integrations into Snowflake and Databricks—into Nvidia's full-stack AI ecosystem, bringing a team of prominent AI researchers from Stanford, Airbnb, and LinkedIn, and advancing Nvidia's push to own the enterprise AI application layer beyond semiconductors.

🚀 SaaS IPOs & S-1 Filings

  • Anthropic (AI foundation models and developer platform; AI/SaaS; U.S.) – filed a confidential S-1 with the SEC on June 1, 2026, following a $65B Series H round that lifted the company's valuation to approximately $965B; the filing marks a pivotal step toward what could be the largest software IPO in history and signals the opening of the public market to large-scale AI-native companies.

🧠 Key Takeaways

  • Revenue re-acceleration is the only proof that you're an AI company. Jason Lemkin's blunt 2026 framework: if growth hasn't actually re-accelerated since adding AI, you're still a pre-AI company wearing AI clothing. He also flags that PE has largely exited the business of buying pre-AI B2B SaaS at $50M–$200M ARR — the old M&A backstop is gone. Founders need to own agents in their own workflows and platforms or risk being disrupted by AI-native competitors who carry none of the legacy feature-gap debt.
  • Strategic capital is the new distribution signal. This week's funding activity shows that strategic co-investors are moving back to the front of cap tables: BHP Ventures in Terra AI, Accenture Ventures in AlphaSense, PayPal Ventures in Forage. These aren't passive checks — they signal channel partnerships, enterprise distribution, and proof of industrial relevance. For founders in regulated markets, supply chains, or sectors tied to national infrastructure, attracting a strategic co-investor has become a go-to-market lever as much as a funding event.

📰 Community News

See you next week with the next edition ofThis Week in SaaS.

-Ryan Allis, CEO of SaasRise